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Post by zanygame on Jan 15, 2024 23:09:40 GMT
Hence the need to remove it from politics How the hell would you remove taxation from politics and why would you want to do so? Same way we did with interest rates. Take the decision away from government. Before Blair interest rates were used by Tories to tempt borrowers in then fleece them for the rich. Swings of 15% were common. Then the BofE took over and it was found that minor changes of 1/2 a percent were enough to control inflation. Those lovely stable days in which I built my business. Only now have the Tories managed to get something near a return for their masters. |
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Post by jonksy on Jan 16, 2024 6:42:22 GMT
Disruption from protests in Germany propels far-right party to new heights.....
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Post by Pacifico on Jan 16, 2024 7:49:45 GMT
How the hell would you remove taxation from politics and why would you want to do so? Same way we did with interest rates. Take the decision away from government. Before Blair interest rates were used by Tories to tempt borrowers in then fleece them for the rich. Swings of 15% were common. Then the BofE took over and it was found that minor changes of 1/2 a percent were enough to control inflation. Those lovely stable days in which I built my business. Only now have the Tories managed to get something near a return for their masters. If you remove the right of the people to have a say in the level of taxation then democracy ceases to exist.  |
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Post by see2 on Jan 16, 2024 8:16:21 GMT
My post is absolutely correct. The first intention as claimed by Brown was to end Government use of inflation and deflation i.e. "boom and bust" as a means of controlling the UK economy, in order to help stabilize the economy. From your posted website, " Low and stable inflation is good for the UK’s economy and it is our main monetary policy aim. |
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Post by Pacifico on Jan 16, 2024 8:25:15 GMT
My post is absolutely correct. The first intention as claimed by Brown was to end Government use of inflation and deflation i.e. "boom and bust" as a means of controlling the UK economy, in order to help stabilize the economy. From your posted website, " Low and stable inflation is good for the UK’s economy and it is our main monetary policy aim. There is no interest rate target - there is an inflation target. |
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Post by zanygame on Jan 16, 2024 17:27:44 GMT
Same way we did with interest rates. Take the decision away from government. Before Blair interest rates were used by Tories to tempt borrowers in then fleece them for the rich. Swings of 15% were common. Then the BofE took over and it was found that minor changes of 1/2 a percent were enough to control inflation. Those lovely stable days in which I built my business. Only now have the Tories managed to get something near a return for their masters. If you remove the right of the people to have a say in the level of taxation then democracy ceases to exist. When do I get a say? (Can you send me a link) |
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Post by Pacifico on Jan 16, 2024 17:54:06 GMT
If you remove the right of the people to have a say in the level of taxation then democracy ceases to exist. When do I get a say? (Can you send me a link) You will get a say sometime between now and the 28 January 2025. Hope that helps. |
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Post by zanygame on Jan 16, 2024 19:46:50 GMT
When do I get a say? (Can you send me a link) You will get a say sometime between now and the 28 January 2025. Hope that helps. Great. When do I get the form asking me what interest rate I want. |
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Post by see2 on Jan 16, 2024 22:04:29 GMT
My post is absolutely correct. The first intention as claimed by Brown was to end Government use of inflation and deflation i.e. "boom and bust" as a means of controlling the UK economy, in order to help stabilize the economy. From your posted website, " Low and stable inflation is good for the UK’s economy and it is our main monetary policy aim. There is no interest rate target - there is an inflation target. The interest rate affects the inflation level. It was in order to stop governments using interest rates as a means of controlling inflation, as in the 15% interest rate used by the Conservative government in 1989/90. Controlling interest rates help to stabilise the economy leading to a low and stable inflation rate. Which is why NL gave the BoE control of interest rates in the first place. |
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Post by Pacifico on Jan 16, 2024 22:21:09 GMT
There is no interest rate target - there is an inflation target. The interest rate affects the inflation level. It was in order to stop governments using interest rates as a means of controlling inflation, as in the 15% interest rate used by the Conservative government in 1989/90. Controlling interest rates help to stabilise the economy leading to a low and stable inflation rate. Which is why NL gave the BoE control of interest rates in the first place. You seem to be now agreeing with me - I am happy for the BoE to use interest rates to target an inflation target. I would not be in favour of an interest rate target which you suggested earlier. |
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Post by Pacifico on Jan 16, 2024 22:22:04 GMT
You will get a say sometime between now and the 28 January 2025. Hope that helps. Great. When do I get the form asking me what interest rate I want. Talk to the Labour Party and tell them you won't vote for them without a form. I'm sure they will comply. |
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Post by zanygame on Jan 16, 2024 22:24:41 GMT
Great. When do I get the form asking me what interest rate I want. Talk to the Labour Party and tell them you won't vote for them without a form. I'm sure they will comply. But presumably not the incumbent one. |
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Post by Pacifico on Jan 16, 2024 22:27:53 GMT
Talk to the Labour Party and tell them you won't vote for them without a form. I'm sure they will comply. But presumably not the incumbent one. Incumbent what? You are not going to vote Tory so why would they take any notice of your request for a form? |
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Post by jonksy on Jan 16, 2024 23:04:07 GMT
Dutch Senate defies prospective government parties over migration law.....
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Post by zanygame on Jan 17, 2024 7:33:47 GMT
But presumably not the incumbent one. Incumbent what? You are not going to vote Tory so why would they take any notice of your request for a form? Wow. This is big news. So only party supporters get to choose the interest rate? You're making the BofE option sound better with every post. |
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